750 Lugo Ave, Coral Gables, FL 33156 — MLS photo

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750 Lugo Ave, Coral Gables, FL 33156

Active · SingleFamilyResidence

$14,850,000

750 Lugo Ave, Coral Gables, FL 33156

Beds
5
Baths
5
Living area
4,928 sq ft
$ / sq ft
$3,013/sq ft
Year built
1988
Lot size
11,500 sq ft
HOA fee
—
Annual tax
$129,853

About this property

Casa Dos Aguas - Rarely available, this extraordinary waterfront residence offers one of South Florida’s most coveted settings on a private peninsula within the exclusive, gated Gables by the Sea community in Coral Gables. It offers breathtaking open water views of Biscayne Bay to both the north and south, with a stunning downtown Miami skyline backdrop. Designed in the spirit of mid-century modern architecture, living areas are elevated on the second floor and additional bedrooms on the third - maximizing the spectacular panoramic bay views enjoyed from virtually every room. A three-story elevator provides effortless access throughout. Boasting 100 linear feet of deep-water frontage with no fixed bridges to Biscayne Bay, the property is a true yachtsman’s dream, capable of accommodating a large yacht with direct, unobstructed access to open water. The roof was redone in 2013 and has all-impact windows and doors. Designed for the South Florida lifestyle, the home features generous balconies to savor the constant bay breeze and sweeping water vistas, while the ground floor offers an expansive covered entertainment area perfect for hosting. The resort-style pool includes an in-pool spa and is heated for year-round enjoyment. Located just three properties in from the bay within one of Coral Gables’ most prestigious gated enclaves, this is a rare opportunity to own a true waterfront trophy property.

Property location

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750 Lugo Ave, Coral Gables, FL 33156

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Facts & features

Interior

Bedrooms
5
Bathrooms
5
Living area
4,928 sq ft
Flooring
Hardwood, Marble, Tile, Wood
Appliances
Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Built In Features, Bedroom On Main Level, Second Floor Entry, Elevator, Living Dining Room, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1988
Lot size
11,500 sq ft
Architectural style
Detached
Roof
Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Awnings, Barbecue, Lighting
Pool
Above Ground, Pool
Waterfront
Bayfront, Ocean Access, Ocean Front
View
Bay, Ocean, Pool

Parking

Garage spaces
2
Covered spaces
2
Parking features
Circular Driveway, Covered, Paver Block

HOA, Community & Financials

Security
Gated Community
Annual tax
$129,853
Subdivision
CORAL BAY SEC B
County
Miami-Dade
Days on market
98
MLS listing ID
A12029654
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$45,143

Cap rate
2.0%
Net yield
2.0%
Cash-on-cash return
-13.0%
Gross yield
4.0%
Mortgage payment
$70,397/mo
Down payment
$3,712,500
Loan amount
$11,137,500
Annual NOI
$303,043

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.